CMC Markets Review 2024: A Trusted Broker?

Yes, CMC Markets has always offered, and still does one of the best trading platforms for high-frequency and active traders. It’s a good choice for those who want to trade on tight spreads, with a platform built on exceptional tech. This regulated online broker offers 11,000+ contracts-for-difference (CFD) and spread betting instruments for both retail and professional traders.

1. It appears most of the one-star reviews on Steffy’s page have been deleted, but some remain.
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4. A GSLO can ultimately be a great way to protect against market volatility and slippage.
5. CMC Markets offers educational resources for novice to advanced traders.

CMC Markets Review 2024: A Trusted Broker?

On major indices, such as the S&P 500, 0.6 is the average spread cost during peak trading hours (the fees are built into the spread). CMC’s fees for trading are relatively low, especially for forex, with the average spread on EUR/USD being 0.7 during peak trading hours. My biggest disappointment with the platform is the absence of real stocks or ETFs in the product selection, cmc markets review which limited my options for diversification. With a commendable track record, stock exchange listing, and authorization by top-tier regulators, CMC Markets demonstrates strong safety indicators for traders. Established in 1989, CMC Markets is a respected broker listed on the London Stock Exchange and authorized by several tier-one regulators, including the FCA, ASIC and CIRO.

CMC Markets Customer Support

Additionally, the broker also offers advanced risk management features to its users. For instance, it offers guaranteed stop-loss orders (GSLOs) in exchange for a premium. To ensure full transparency for users, CMC Markets also highlights that it only uses its proprietary funds for hedging purposes. Overall, CMC Markets caters very well to day traders interested in CFDs or spread betting, especially with its market-leading selection of 300+ currency pairs.

Mobile app is great but cannot access in Malaysia

I’ve found the best charting view to be accessed by turning your phone horizontally. The platform boasts numerous analytical features, integrated services such as pattern indicators, 13 chart types, platform video tours, and live news streams. It’s important to mention that, similar to many other forex brokers, CMC’s spreads might elevate during periods of low liquidity compared to regular market conditions.

If you live in the U.K., check out the review of CMC Invest at our sister site, UK.StockBrokers.com. CMC Invest is available via mobile on a stand-alone basis with commission-free trading across all account types. ForexBrokers.com has been reviewing online forex brokers for over six years, and our reviews are the most cited in the industry. Each year, we collect thousands of data points and publish tens of thousands of words of research. Although there is no minimum deposit enforced by the broker, clients must deposit funds into their accounts to begin trading.

This is great, because I really like trading stocks, I find it quite easy, compared to forex as they are based on fundamentals I understand. Plus, one trading strategy that is relatively simple is trend following, especially now, with the Reddit generation getting so worked up. If you see a sector getting some good press you can jump on the bandwagon without having to sniff out the individual stocks. I find forex trading incredibly difficult, I’ve never been able to make any money at it because I can’t judge forex price action, I find it too fast-paced. What I like to speculate on is the overvaluation or undervaluation of one currency against another. CMC has a market called weighted currency indices, which basket together one currency again many others.

CMC offers users access to clients sentiment and positioning tools that show the aggregate positioning of its customers in various instruments. The data includes long-short percentages by clients and value as well as a breakdown of the current day’s order flow. What’s more, you can filter the positioning sentiment by client type, segmenting the data into top clients and other clients.

A much higher-than-average five­-point S&P ­500 spread for CFDs and spread bets stood out like a sore thumb on the index cost disclosures. That spread is charged through all hours of the trading day, including local time in the U.S., making it an unappealing trading instrument for most account holders. In contrast, the Nasdaq spread at 1.0 ­point and DJIA spread at 1.6­ points are closer to industry standard. With competitive pricing https://traderoom.info/ and over 12,000 instruments spanning virtually every market and asset class, CMC Markets is a great choice for global forex and CFD traders. Furthermore, the CMC Markets Next Generation platform is powerful and versatile, with plenty of customization tools and configuration options. CMC Markets offer just one CFD Trading Account, enabling you to trade forex with spreads starting from 0.7 pips and without any commission fees.

Additionally, you can have access to 100 of the world’s largest indices via CFDs including the Germany 30, UK 100, US 30 and Australia 200. The broker’s excellent and easy-to-use mobile app lets you manage your account and trade from anywhere. The mobile app also has many useful features that include execution alerts and its client sentiment indicator. A mobile application specifically designed for the iPad makes better use of the device’s larger screen size.

Spreads are relatively tight, there are no hidden fees and the industry-leading MetaTrader 4 platform is also supported for leveraged trading. Year after year, CMC shines as one of the best CFD brokers in the market. Furthermore, the broker’s technological infrastructure is excellent; platforms like MetaTrader 4 and the Next Generation trading platform provide customers with powerful tools for market analysis and trade execution. You can trade CFDs on forex, indices, cryptocurrencies, shares, ETFs, commodities and government securities via this online broker.

Depending on the direction of the position and the appropriate holding rate, these costs might be charged or credited to the trader. The fee rates are competitive in the market, allowing traders to complete deals without significantly reducing their prospective earnings, which is especially important for those dealing with big volumes of shares. Its intuitive interface simplifies mobile trading, empowering you to stay in touch with the financial markets and oversee your transactions practically anywhere and anytime. Furthermore, the account allows telephonic trading market analyst insights and has no inactivity fees, making it a solid alternative for corporate entities seeking high-level trading services and resources.

Aside from Corporate and Professional account holders, all traders get access to a demo account with trial funds. Demo account holders can switch to a live account from the demo dashboard, without having to re-register. It continues to offer excellent functionality, supporting trading on all instruments and offering mobile-optimized charting with scroll and zoom, a choice of notification types, and clear order tracking.

This rigorous process ensures the review is both factual and reflective of real trading conditions, providing traders with an accurate evaluation of CMC Markets’ fee structure. The broker’s advanced research support tools can prove to be invaluable for its clients. It has tied up with Morningstar to provide its users with the latest news and reports covering a wide range of financial instruments. In addition to this, the broker also grants its users access to numerous value-added tools including economic calendars, stop loss support, and pattern recognition systems.

First of all, and most importantly, the broker has excellent regulatory approval in place. CMC Markets is regulated in multiple jurisdictions by several top-tier regulators. This includes the FCA in the UK, BaFin in Germany, MAS in Singapore, ASIC in Australia, and the IIROC in Canada. This extensive range of regulatory approval provides evidence that the company takes its security obligations seriously, and runs a well-trusted operation. A trusted reputation and strong regulatory backing are at the cornerstone of any successful broker.